Celestia (TIA) is attempting to break out of its consolidation range, demonstrateing bullish potential. The top holders analysis indicates that 57.37% of the stablecoin supply is held by whales, suggesting significant confidence in the asset’s potential for future growth. The token has been trapped within a long-term downtrend but a recent attempt to push towards the upper boundary could signal a potential breakout. The technical indicators offer a mixed outlook, with the Stochastic RSI sitting near overbought territory, hinting at a short-term pullback.
However, the overall trend suggests that if TIA manages to overcome immediate resistance, it could trigger a strong rally. However, recent fluctuations in whale activity hint that large holders might be in a distribution phase.
Open interest has surged by 11.02%, signaling heightened investor interest and the potential for a significant price move.
